Legacy income for charities up by 4.1 per cent over the past year, says Legacy Foresight

Legacies: income up on last year
Legacies: income up on last year

Charity legacy income rose by 4.1 per cent over the past year but the rate of recent growth has slowed, according to new data.

The latest figures from Legacy Foresight, which compiles data from the 76 members of the Legacy Monitor Consortium, show that in the 12 months to September 2015 members received £1.26bn in combined legacy income and 50,300 legacy notifications.

But the 4.1 per cent year-on-year rise is slightly less than the 4.4 per cent increase over the previous 12 months in the last batch of quarterly data, which was released in August, and is significantly down on the 9.9 per cent year-on-year growth reported for 2014.

Legacy Foresight said income growth rates were continuing to slow in line with house prices.

It said that income growth had in large part been driven by a significant rise in legacy notifications, up by 6.8 per cent in the past year.

It said this boded well for legacy incomes in 2016 and 2017, as much of the income from the new notifications would arrive in the next few quarters.

Legacy Foresight said the surge in notifications was caused by a higher number of deaths last winter than normally occurred. Public Health England said a severe cold snap and a high incidence of influenza among elderly people were behind that rise.

Average pecuniary values have remained steady and stand at £3,600, similar to levels seen since 2011.

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